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Hub International Ltd. said Tuesday it has acquired Cameron Investment Co. Inc., doing business as Shepard Walton King Insurance Group.
Terms of the transaction were not disclosed.
Shepard Walton King, headquartered in McAllen, Texas, serves the agribusiness, real estate and education sectors, the statement said. The firm is led by eight principals, including Chairman Bob Shepard and President Raul Cabaza III.
Martin Yung, president and CEO of Hub Texas, said in the statement the deal adds to the broker’s depth.
Chicago-based Hub is the seventh-largest broker of U.S. business, according to the most recent Business Insurance rankings.
Broker Hub International Ltd. has acquired Purselley Associates, a Fort Worth, Texas-based insurance broker that provides employers and individuals with employee benefits resources and solutions, reports Fort Worth Business. Joyce “Dixie” Purselley and the Purselley Associates team will join Hub Texas. Terms of the transaction were not disclosed.